3-8 OIF & OEF Veterans Foundation

Nonprofit profile at a glance

EIN
821925889
IRS 990-PF coverage
2017–2021
Forms available
Form 990-PF 2021
Location
Chantilly, VA, USA
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Private Operating Foundations

Reported finances

Revenue
$37,084
Expenses
$36,052

Source: IRS Form 990-PF. Selected filing: tax year 2021. Amounts in USD.

Overview

Mission

Private Operating Foundations

What it reported funding in 2021

The foundation reported 4 grants totaling $34,998. The stated grant purposes included emergency financial assistance - veterans can apply for financial assistance for emergency expenses or bill assistance due to financial hardship. these can range from mortgage rent or utility bill payments to funeral assistance prepaid gas or grocery cards and many other expenses., funeral cost assistance - veteran's families can apply for assistance with funeral costs for deceased veterans. an unexpected death can cause many hardships for the veteran's family. we want to be able to provide the family with needed financial assistance in covering the cost of the funeral or guidance in dealing with the va process., and unit reunions sponsorship program - veterans can apply to have sponsored unit reunions. reunions assist veterans with combating ptsd and other injuries by creating a supportive and healing environment and reconnection and closure with their brothers-in-arms., plus 1 other reported purpose.

Operating model

Revenue model
Donor-supported. 95% of the foundation's positive operating resources came from contributions.
Distribution model
Grant intermediary. The foundation distributed 97% of its reported charitable disbursements as grants.

The verdict

SUPPORTED - The filing identifies who received its grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants and the available information about grant readiness automatic revocation leaves an important question unanswered.

Rating breakdown

  • Grant Deployment: NotEnoughData
  • Cost Efficiency: 97
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 29

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: Limited

Cost Efficiency

  • Grant expense ratio: 97.1%; rating input score 97; 80th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Missing
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0.27; rating input score 29; 29th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: Filed payout detail
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 29th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 5 filing years from 2017 to 2021
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Endowment Health: Endowment-health comparison scored 29/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.